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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities    
Net loss $ (1,515,893) $ (33,305)
Adjustments and items not affecting cash:    
Depreciation and amortization 476,679 466,996
Deferred taxes 105,579 (76,560)
Initial value and changes in derivative financial instruments, net of amortization (5,780) (15,502)
Share-based compensation 18,389 10,397
Cost of equity funds used for construction purposes (1,734) (3,366)
Change in value of investments carried at fair value 37,978 229,988
Pension and post-employment expense in excess of (lower than) contributions (432) (7,838)
Distributions received from equity investments, net of income 42,191 11,730
Impairment of assets 0 23,492
Loss from classification as held for sale (note 24(b)) 1,357,343 0
Loss on reclassification of AOCI (note 24(b)) 94,593 0
Other 12,243 108,338
Net change in non-cash operating items (note 22) (139,438) (86,336)
Net cash provided by (used in) operating activities, total 481,718 628,034
Financing activities    
Increase in long-term debt 4,035,028 3,033,503
Repayments of long-term debt (5,344,170) (2,297,346)
Net change in commercial paper (98,728) 74,720
Issuance of common shares, net of costs 1,153,954 5,229
Cash dividends on common shares (285,063) (322,468)
Dividends on preferred shares (10,489) (8,356)
Contributions from non-controlling interests and redeemable non-controlling interests 60,545 98,955
Production-based cash contributions from non-controlling interest from discontinued operations 13,072 9,084
Production-based cash contributions from non-controlling interest from continuing operations 1,953 0
Distributions to non-controlling interests (33,315) (51,164)
Payments upon settlement of derivatives 6,008 0
Shares surrendered to fund withholding taxes on exercised share options (3,482) (2,434)
Redemption of Series C preferred shares 0 (14,515)
Acquisition of non-controlling interest (23,379) 0
Increase in other long-term liabilities 17,449 22,666
Decrease in other long-term liabilities (45,797) (79,638)
Net cash provided by (used in) financing activities, total (556,414) 442,808
Investing activities    
Additions to property, plant and equipment and intangible assets (872,421) (1,026,171)
Increase in long-term investments (115,137) (243,742)
Divestiture of operating entity 29,548 0
Increase in other assets (9,385) (12,220)
Receipt of principal on development loans receivable 0 174,763
Decrease in long-term investments 22,949 11,749
Proceeds from sale of long-lived assets (note 8(a)) 1,077,184 0
Net cash provided by (used in) investing activities, total 132,738 (1,095,621)
Effect of exchange rate differences on cash and restricted cash (3,088) (267)
Increase (decrease) in cash, cash equivalents and restricted cash 54,954 (25,046)
Cash, cash equivalents and restricted cash, beginning of year 76,139 101,185
Cash, cash equivalents and restricted cash, end of year 131,093 76,139
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest expense 432,721 368,511
Cash paid (received) during the year for income taxes - net (56,724) 7,171
Cash received during the year for distributions from equity investments 86,310 112,716
Non-cash financing and investing activities:    
Property, plant and equipment acquisitions in accruals 84,720 172,165
Issuance of common shares under dividend reinvestment plan and share-based compensation plans 11,310 46,040
Property, plant and equipment, intangible assets and accrued liabilities in exchange of note receivable 195,110 23,938
Convertible Debentures    
Non-cash financing and investing activities:    
Issuance of common shares upon conversion of convertible debentures 0 11
Related Party    
Financing activities    
Distributions to non-controlling interests, related party $ 0 $ (25,428)